1. How much do I cost?
OK, so my rent is $893 a month. Let's pretend that doesn't go up. And let's go ahead and figure that in order to afford $893/month I have to grossly earn 1.3 times that in order to pay myself and pay taxes. So my rent actually ends up costing me 1160.90/month or $13,930.80 a year. But that's not all! For my company to pay me enough for rent I should multiply the final number by 1.22 for the company's side of taxes and so forth (or I end up being self-employed and I don't have a thumbnail calculation for that.) It would cost the company $16,995.78 to pay me enough just to make my rent.
Now obviously I have other expenses than rent. Back in the olden times your accountant would tell you that rent should be a quarter of your salary. You're in pretty good shape if you live in the NYC area and rent is only a quarter of your salary so let's pretend I can live in my present apartment for... $30,000 a year (right now that would be an awfully good year for me. I'm hobbling at maybe half that for the time being.)
|The Russian version of Solar Vengeance.|